Private credit will play a vital role in accelerating the transition to a low-carbon economy.According to Rob Horn, global head of the Blackstone Credit Sustainable Resources Group, this role is set to get a whole lot bigger. Horn believes that credit will eventually supply as much as 60 per cent of the estimated $100 trillion needed to decarbonise economies around the world providing for a particularly attractive investment opportunity for private credit. An opportunity to drive attractive risk-adjusted returns, while potentially improving societal outcomes. In this exclusive fireside chat with Fiona Reynolds, chief executive of Conexus Financial and former head of the UN-supported Principles for Responsible Investment, Horn outlines Blackstone’s view on energy transition as a key investment theme for the firm; its approach to sustainable finance; and what is needed to encourage more institutional investors into this rapidly evolving space.
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David Blood, co-founder of Generation Investment Management with Al Gore, has outlined five priorities to focus the sustainable investment effort on over the next five years.
The finance industry has relied on its low barriers to entry, high fees and complex language that has created enduring principal/agent problems that restrict transparency and accountability.
A year on from signing the PRI, the world’s biggest pension fund will seek discussion with non-Japanese asset owners regarding advances in environmental, social and governance practices.
Low emissions index is crucial to New York Common’s ongoing commitment to environmental, social and governance considerations. Amanda White spoke to chief investment officer, Vicki Fuller.
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